Large surface mining equipment shipped worldwide, the latest deliveries to mines during July-September 2017 increased by more than 10%. Those gains come on top of very strong increases in the previous quarter and bring these equipment markets to nearly double that of the cyclical bottom reached in Q2 2016. As measured by Parker Bay’s Surface Mining…
Having reached what appears to have been ‘rock bottom’ of the severe, four-year contraction in large equipment deliveries early in 2016, shipments of large mobile surface mining equipment shipped during the last calendar quarter increased by almost one-third (units) with aggregate value increasing by 28% vs. Q3. These gains came on top of significant improvements…
Parker Bay’s Mining Equipment Index showed a gain of 6.5% (US$-weighted basis) for the third calendar quarter of 2016 vs. comparable deliveries during the second quarter of the year. On an unweighted basis (number of units delivered), the gain was much more impressive at 13%. The difference reflects the much greater gains for smaller machines…
According to industry research specialists The Parker Bay Company, the market for the largest mobile equipment utilized by the world’s highest-producing surface miners retraced modest gains achieved at the end of last year and fell below the lowest levels recorded for the current market contraction. Parker Bay’s Surface Mining Equipment Index fell more than 10…
After two and a half years in decline, the mining equipment market turned up slightly in the third quarter. Unit deliveries were more than 12% higher than 2Q though the increase on a value-weighted basis was less than half a percent. As can be surmised, shipments of the very largest machines continued downward for the…
The global market for the largest excavating/loading and haulage equipment has been anything but dull and predictable over the past decade. And it’s likely to take some unexpected turns in the years ahead. In an effort to provide some guidance on what to expect, Parker Bay has analyzed the mineral markets driving demand for these…
Parker Bay has partnered with Raw Materials Group of Sweden (www.rmg.se) to develop a database of underground mining equipment to be available in 2012. This will be the first known source for such data, developed jointly by two companies with a wealth of expertise in mining market research, data and analysis.
Parker Bay is developing a report regarding the recently announced merger between Caterpillar and Bucyrus. This study will examine the equipment populations of both companies, their combined share by market and product, and the position of this new entity in the competitive landscape. We will take a closer look at the creation of a one-stop…